lending

The 10-year Treasury last week hit its highest level since April, rising to 4.7 percent on January 8.

The financing for Fisher Brothers includes $108m of C-PACE capital.

The benchmark 10-year Treasury needs to be reliably in a range of 4-4.5% for transaction activity to resume.

The JLL-brokered deal for Genesis Marina is backed by a JV between Phase 3 Real Estate Partners and Bain Capital Real Estate.

Terra will use the permanent financing for the first phase of its Centro City development.

But the implementation of Basel III regulations and sponsors that are increasingly comfortable with non-bank lenders will help keep the playing field level.

Benefit Street Partners, ORIX USA and Harbor Group International share their outlook for interest rates, borrower headwinds and mortgage real estate investment trusts. 

The borrower is an affiliate of Fort Partners, a developer based in Fort Lauderdale, Florida.

Chair Jerome Powell says the Federal Reserve will likely cut rates twice in 2025, significantly less than the four reductions expected prior to its meeting.

Joel Pecoy replaces Danielle D’Ambrosio in overseeing the Charlotte-based manager’s $25bn real estate debt portfolio.